American Tower — Feb 24, 2026 release
Fiscal 2025 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001053507-26-000032
Showing in the filing
Total property revenue
“$10,440 to $10,590”
Period
FY2026
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 44
Remaining amount under its buyback program
“approximately $1.6 billion”
Remaining share repurchase authorization
“approximately $1.6 billion”
Total property revenue for FY2026
“$10,440 to $10,590”
Net income for FY2026
“2,945 to 3,025”
Net income attributable to AMT common stockh… for FY2026
“2,980 to 3,060”
Adjusted EBITDA for FY2026
“7,090 to 7,160”
AFFO attributable to AMT common stockholders for FY2026
“5,035 to 5,115”
AFFO attributable to AMT common stockholders… for FY2026
“$10.78 to $10.95”
U.S. & Canada segment property revenue for FY2026
“$5,060 million to $5,120 million”
Latin America property revenue for FY2026
“$1,645 million to $1,665 million”
Africa & APAC property revenue for FY2026
“$1,535 million to $1,555 million”
Europe property revenue for FY2026
“$1,025 million to $1,055 million”
Data Centers segment property revenue for FY2026
“$1,175 million to $1,195 million”
International pass-through revenue (Latin Am… for FY2026
“$485”
International pass-through revenue (Africa &… for FY2026
“$382”
International pass-through revenue (Europe P… for FY2026
“$213”
International pass-through revenue (Total Pr… for FY2026
“$1,080”
Straight-line revenue (U.S. & Canada Property) for FY2026
“(124)”
Straight-line revenue (Latin America Property) for FY2026
“(34)”
Straight-line revenue (Total Property) for FY2026
“(70)”
Total Tenant Billings Growth (U.S. & Canada … for FY2026
“~0.5%”
Total Tenant Billings Growth (Latin America … for FY2026
“(~3%)”
Organic Tenant Billings (Africa & APAC Prope… for FY2026
“~8.5%”
Organic Tenant Billings (Europe Property) for FY2026
“~4%”
New Site Tenant Billings (Total Property) for FY2026
“~1%”
New Site Tenant Billings (Latin America Prop… for FY2026
“~0%”
New Site Tenant Billings (Africa & APAC Prop… for FY2026
“~3.5%”
New Site Tenant Billings (Europe Property) for FY2026
“~9%”
Total Tenant Billings Growth (Africa & APAC … for FY2026
“~12%”
Total Tenant Billings Growth (Europe Property) for FY2026
“~13%”
Total Tenant Billings Growth (Total Property) for FY2026
“~2%”
Discretionary capital projects for FY2026
“$1,050 to $1,080”
Ground lease purchases for FY2026
“200 to 220”
Start-up capital projects for FY2026
“35 to 55”
Redevelopment for FY2026
“335 to 365”
Capital improvement for FY2026
“160 to 170”
Corporate for FY2026
“15 – 15”
Total capital expenditures for FY2026
“$ 1,795 to $ 1,905”
Construction of communications sites (discre… for FY2026
“1,700 to 2,300 communications sites globally”
Data Centers segment development spend for FY2026
“$695 million”
Divided by weighted average diluted shares o… for FY2026
“467,000 – 467,000”
Straight-line revenue (Data Centers Property) for FY2026
“18”
Straight-line revenue (Europe Property) for FY2026
“3”
Straight-line revenue (Africa & APAC Property) for FY2026
“67”
Exhibit 99.1 · the passage around this item
… earlier in the release
Additional information pertaining to the impact of foreign currency and Secured Overnight Financing Rate fluctuations on the Company’s outlook has been provided in the supplemental disclosure package available on the Company’s website. 2026 Outlook: ($ in millions, except per share amounts.) Full Year 2026 Midpoint Growth Rates vs. Prior Year Total property revenue (1)(2) $ 10,440 to $ 10,590 2.0 % Net income 2,945 to 3,025 14.1 % Net income attributable to AMT common stockholders 2,980 to 3,060 24.1 % Adjusted EBITDA (3) 7,090 to 7,160 (0.1) % AFFO attributable to AMT common stockholders 5,035 to 5,115 0.7 % AFFO attributable to AMT common stockholders per Share $ 10.78 to $ 10.95 1.0 % ______________ (1) Includes U.S. & Canada segment property revenue of $5,060 million to $5,120 million, Latin America property revenue of $1,645 million to $1,665 million, Africa & APAC property revenue of $1,535 million to $1,555 million, Europe property revenue of $1,025 million to $1,055 million and Data Centers segment property revenue of $1,175 million to $1,195 million, reflecting midpoint growth rates of (3.0)%, 0.8%, 8.6%, 10.9% and 12.5%, respectively. The U.S. & Canada growth rate includes an estimated negative impact of over 3% associated with a decrease in non-cash straight-line revenue recognitio n. Data Centers segment property revenue reflects revenue from the Company’s data center facilities and related assets. (2) Property revenue growth rate includes an estimated negative impact of approximately 2% associated with a decrease in straight-line revenue
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.